Australian Grocery Merger Raises Competition Concerns

Law360, New York (September 22, 2010, 2:22 PM EDT) -- Australia's antitrust regulator has raised concerns that Metcash Trading Ltd.'s proposed AU$215 million ($183 million) acquisition of the Franklins supermarket chain could thwart competition in the market to supply wholesale packaged groceries to independent retailers in New South Wales.

The Australian Competition and Consumer Commission on Wednesday issued a report voicing numerous issues with the proposed merger, which the companies announced July 1. The regulator asked market participants to weigh in before it issues its final report Nov. 11.

Under the proposed transaction, Metcash — Australia's...
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